If you would like to receive our free daily markets updates, please Sign-up

Last week, Canadian Stocks (XIU ETF) outperformed again the Mighty​SP500 Index ​(SPY ETF) as we get closer to the US election but Financialsreversal started to weight on the Canadian Indices.​ ​​​Some Technical Charts and Short Comments on Canadian financial products:​1) XIU ETF (iShares S&P/TSX 60 Index ETF) is into a Weekly False Breakoutphase as we failed to stay above the ​Weekly Rising Wedge Trendline.​ (See first chart below, Top Blue trendline - Ellipse)​​​2) ​XIU ETF (iShares S&P/TSX 60 Index ETF) on a Weekly Relative Basiscompare to the Mighty SP500 Index (SPY ETF), still outperform slightly ​since ​bottoming out in ​December 2015!​ (See second chart below - Blue trendline)​